AFD - Universal Registration Document 2020

CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS Notes to the consolidated financial statements

NOTE 20 Financing and guarantee commitments Financing commitments given are the amounts to be disbursed under lending agreements with customers or credit institutions.

31/12/2020

31/12/2019

In thousands of euros

Commitments received Financing commitments received from the French State Guarantee commitments received from the French State on loans Guarantee commitments received from credit institutions

-

-

1,318,769

1,151,055

821,726 821,726

754,142 754,142

as part of the Group’s credit activity

Commitments given Financing commitments made to credit institutions Financing commitments made to customers Guarantee commitments made to credit institutions Guarantee commitments made to customers

2,148,651 13,485,720

1,735,164 12,767,039

116,498 534,817

140,169

584,889 At 31 Ǿ December Ǿ 2020, the off-balance sheet items relating to sovereign outstanding loans amounted to €11,788M and off-balance sheet outstanding loans at State risk amounted to €112M.

Financing commitments given are the amounts to be disbursed under lending agreements with customers or credit institutions. The commitment amount is lower than the figure stated in AFD’s individual company financial statements because the transactions on behalf of third parties (IMF, on behalf of the French government) are not included in the Group’s consolidated financial statements. 6.2.4.3 Employee benefits and other remuneration The aggregate impacts of the post-employment benefits on the 2019 and Ǿ 2020 financial years are set out in the table below:

At 31/12/2020

Impact on income

Impact on equity

At 31/12/2019

Impact on income

Impact on equity

At 31/12/2018

In thousands of euros

Provisions for employee benefits

161,937 7,554 10,669 160,538 7,434 10,669

143,714 7,333 29,720 142,434 7,157 29,720

106,660 105,558

Defined benefit plans Other long-term benefits

1,399 1,102 The sensitivity analysis, based on the actuarial assumptions used to value the defined benefit plans at year-end, is as follows: 120 1,279 177

6

Retirement

as a% of change

In millions of euros

Present value of the commitment at 31/12/2020 P Discount rate: 0% P Annual increase in salary: 2%

26.3

P Retirement age: 63 (non-executive level employees)/65 (executive level employees) Sensitivity to the discount rate assumption Rate change to 0.25%

26.1 26.5

-0.8% 0.8%

Rate change to -0.25%

Sensitivity to the career profile assumption Rate change to 2.50%

26.8 25.8

1.9% -1.9%

Rate change to 1.5%

Sensitivity to the retirement age assumption P Increase of 1 Ǿ year (for all guarantees) P Reduction of 1 Ǿ year (for all guarantees)

26.6 25.9

1.1% -1.5%

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2020 UNIVERSAL REGISTRATION DOCUMENT